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Article: Securitas invests 17 mn dollar in India's Walsons.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 29, 2007
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Securitas invests 17 mn dollar in India's Walsons
New Delhi, Nov 29 (PTI) -- Sweden-based Securitas, the world's largest security organisation, has invested 17 million dollars (about Rs 68 crore) in city-based Walsons Services Pvt Ltd to foray into the India's Rs 4,500-crore private security agency market.
The 49 per cent stake buy by Securitas is a first such deal in the private security space in India.
"Securitas was looking at a partner to enter India and our company emerged as the preferred associate for the Swedish firm. With Walsons' in-depth knowledge of the market and Securitas 60 year experience operating in the field, both the ...